CCI Clears Merger Of ADES International Cayman With Shelf Drilling
ECONOMY & POLICY

CCI Clears Merger Of ADES International Cayman With Shelf Drilling

The Competition Commission of India (CCI) has approved the proposed merger of ADES International Cayman, a wholly owned subsidiary of ADES International Holding Ltd, with and into Shelf Drilling Ltd.

Under the proposed combination, ADES International Cayman will merge into Shelf Drilling, with Shelf Drilling remaining the surviving entity. The merger proceeds to the shareholders of Shelf Drilling will be settled in cash, after which Shelf Drilling will become a wholly owned subsidiary of ADES International.

ADES International functions as a holding company for the ADES Group’s oil and gas drilling subsidiaries, focusing on investment and management activities. ADES, the merging entity, is newly incorporated and currently has no business operations. Both belong to the wider ADES Group, which provides oil and gas drilling and production services through three offshore jack-up rigs operating in India.

The Shelf Group comprises Shelf Drilling and its downstream affiliates. In India, the group operates and charters drilling rigs and provides oilfield services for offshore oil and gas exploration and development.

A detailed order from the Commission will be issued in due course.

The Competition Commission of India (CCI) has approved the proposed merger of ADES International Cayman, a wholly owned subsidiary of ADES International Holding Ltd, with and into Shelf Drilling Ltd. Under the proposed combination, ADES International Cayman will merge into Shelf Drilling, with Shelf Drilling remaining the surviving entity. The merger proceeds to the shareholders of Shelf Drilling will be settled in cash, after which Shelf Drilling will become a wholly owned subsidiary of ADES International. ADES International functions as a holding company for the ADES Group’s oil and gas drilling subsidiaries, focusing on investment and management activities. ADES, the merging entity, is newly incorporated and currently has no business operations. Both belong to the wider ADES Group, which provides oil and gas drilling and production services through three offshore jack-up rigs operating in India. The Shelf Group comprises Shelf Drilling and its downstream affiliates. In India, the group operates and charters drilling rigs and provides oilfield services for offshore oil and gas exploration and development. A detailed order from the Commission will be issued in due course.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code